v3.25.2

Income Taxes (Tax Effects of Temporary Differences that Give Rise to Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	May 25, 2025	May 26, 2024
Tax effects of temporary differences that give rise to deferred tax assets and liabilities [Abstract]
Accrued liabilities	$ 42.9	$ 43.6
Compensation and employee benefits	144.3	147.7
Unrealized hedges	23.1	0.0
Pension	74.2	83.0
Tax credit carryforwards	58.1	48.6
Stock, partnership, and miscellaneous investments	4.0	3.6
Capitalized research and development	305.5	103.6
Prepayments	65.9	0.0
Capital losses	28.5	71.7
Net operating losses	265.2	259.6
Other	161.1	92.3
Gross deferred tax assets	1,172.8	853.7
Valuation allowance	253.7	255.5
Net deferred tax assets	919.1	598.2
Brands	1,436.0	1,429.4
Fixed assets	496.1	393.2
Intangible assets	247.3	195.8
Tax lease transactions	0.0	3.4
Inventories	31.3	34.2
Stock, partnership, and miscellaneous investments	512.2	439.7
Unrealized hedges	0.0	20.2
Other	110.9	115.4
Gross deferred tax liabilities	2,833.8	2,631.3
Net deferred tax liability	$ 1,914.7	$ 2,033.1

The tax effect as of the balance sheet date of the amount of the estimated future tax deductions arising from unrealized losses on capital investments which can only be deducted for tax purposes when the losses are realized, and which can only be realized if sufficient tax-basis income of the appropriate character is generated in future periods to enable the deduction to be taken.

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GENERAL MILLS INC 10-K